The most recent CIRT Sentiment Index Report for 2ndQtr./2023 shows a growing divergence of view between the overall index, down slightly at 52.8, and the Design segment of the report that is much more optimistic at 68.5 for the quarter. It could be a good sign for expanding construction needs in the future, however the full impact of the slowing economy and bank turmoil – are not fully factored in for the most recent report levels.
In addition to the market segments, economic views, and overall firm health the Sentiment Report also obtained feedback on a number of “Current Issues” that may be of interest to the members. This quarter’s report focused on expectations around lending standards, experience with subcontractor defaults, employment policies (related to hiring, promotion, etc. and the threat of EEOC investigations), and new norms with respect to remote work schedules.
For more information/details see, CIRT Sentiment Index Report (2ndQ/2023).